Hennion & Walsh Asset Management Inc. Acquires 32,456 Shares of Unisys Co. (NYSE:UIS)

Hennion & Walsh Asset Management Inc. increased its holdings in shares of Unisys Co. (NYSE:UIS) by 70.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,540 shares of the information technology services provider’s stock after acquiring an additional 32,456 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Unisys were worth $497,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. The Manufacturers Life Insurance Company grew its position in Unisys by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,123 shares of the information technology services provider’s stock worth $112,000 after acquiring an additional 2,119 shares during the last quarter. Diversified Trust Co lifted its holdings in Unisys by 12.4% during the 4th quarter. Diversified Trust Co now owns 21,613 shares of the information technology services provider’s stock worth $137,000 after buying an additional 2,380 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Unisys by 49.1% during the 2nd quarter. ProShare Advisors LLC now owns 17,812 shares of the information technology services provider’s stock worth $74,000 after buying an additional 5,866 shares in the last quarter. nVerses Capital LLC acquired a new position in Unisys during the 3rd quarter worth $36,000. Finally, Point72 DIFC Ltd acquired a new position in Unisys during the 2nd quarter worth $30,000. 86.87% of the stock is currently owned by institutional investors.

Unisys Stock Performance

NYSE:UIS opened at $6.78 on Tuesday. The stock’s fifty day moving average price is $7.14 and its two-hundred day moving average price is $6.07. Unisys Co. has a 52-week low of $3.32 and a 52-week high of $8.93. The company has a market cap of $469.91 million, a price-to-earnings ratio of -1.20, a P/E/G ratio of 0.69 and a beta of 0.79.

Unisys (NYSE:UIS) last posted its quarterly earnings results on Tuesday, October 29th. The information technology services provider reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.21). The company had revenue of $497.00 million during the quarter, compared to analyst estimates of $486.50 million. Unisys had a negative net margin of 19.24% and a negative return on equity of 27.42%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the company earned ($0.33) EPS. On average, equities analysts predict that Unisys Co. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Unisys from a “buy” rating to a “hold” rating in a report on Monday, January 13th.

Unisys Company Profile

Unisys Corporation, together with its subsidiaries, operates as an information technology solutions company in the United States and internationally. It operates in three segments: Digital Workplace Solutions (DWS); Cloud, Applications & Infrastructure Solutions (CA&I); and Enterprise Computing Solutions.